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Fidelity Bank, Prudential Life Insurance to extend bancassurance deal by 10 years

Fidelity Bank Ghana Limited, the largest private indigenous bank in Ghana and Prudential Life Insurance Ghana, a leading insurer, have announced a ten-year extension to their exclusive bancassurance agreement, started in 2015. The ten-year exclusive strategic bancassurance agreement with the two market leaders aims at growth in the financial sector. …

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SSNIT asked to pay the right past credits to retirees

Four occupational pension schemes have jointly called on government to ensure that the Social Security and National Insurance Trust (SSNIT) paid the “right amount” of past credits to retirees. The schemes, known as the FORUM, is made up of Health Sector Occupational Pension Scheme, Ghana Education Service (GES) Occupational Pension …

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National Health Insurance records high mobile renewals

The usage of National Health Insurance Scheme (NHIS) Mobile Renewal Service is recording increases monthly after the lifting of the lockdown. The latest summary report indicates an increase of 8.2 per cent for the month of June 2020, which stood at 482,314, – the total number of mobile renewals, compared …

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Insurance Brokers in Ghana sound caution on commercial implications of COVID-19

Mr. Shaibu Ali, the Vice President of the Insurance Brokers Association of Ghana, has urged brokers to carefully assess the commercial implications of the COVID-19 pandemic on their clients to protect themselves from the risk of claims. Mr Ali, who is also the CEO of KEK Reinsurance Brokers (Africa) Limited, …

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Ghana insurance industry asked to offer financial stability in COVID-19 times

The Reverend Kennedy Okosun, the Chief Executive Officer of Krif Ghana Limited, has said a well-developed insurance industry is key in efforts to improve the stability of the financial markets. He said the insurance sector must offer packages that would protect individuals and businesses from losses, especially in the COVID-19 …

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NHIA makes additional payments in excess of GH¢87m to service providers

The National Health Insurance Authority (NHIA) has within days made additional payments in excess of GH¢87 million to its service providers across the country. A statement from the NHIA Corporate Affairs Directorate, copied to the Ghana News Agency in Accra explained that in a recent publication issued by the Authority, …

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Public sector pensioners call for better packages from SSNIT   

Scores of pensioners and public sector workers have expressed dismay at the pension package offered by the Social Security and National Insurance Trust (SSNIT) saying they would embark on industrial action if the anomaly was not rectified. “There will be total lockdown of public sector activities on June 25, if …

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NHIA pays claim arrears to Health Providers

The National Health Insurance Authority (NHIA) on Thursday said over GH¢207.5 million has been paid to credentialed service providers. A statement copied to the Ghana News Agency said Public health facilities received GH¢106.4 million, representing 51.3 per cent of the payments while Private Service Providers had over GH¢57.8 million, which …

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Ghana Parliament approves formula for disbursement of NHI Fund

Parliament has approved the proposed formula for the disbursement of the National Health Insurance Fund for 2020 to enable the National Health Insurance Authority (NHIA) to undertake its activities  for the year. The object of the Fund is to pay for healthcare services of members of the National Health Insurance …

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